Autoliv, Inc. (NYSE:ALV) is reporting second quarter financial results on Friday 17th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, ALV is expected to report 2Q20 loss of $ 0.85 per share from revenue of $ 1059.59 million.
For the full year, analysts anticipate top line of $ 7042.74 million, while looking forward to income of $ 2.69 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,804.00 million ~ $ 8,890.00 million
Click Here For More Historical Outlooks Of Autoliv, Inc.
Previous Quarter Performance
Autoliv, Inc. unwinded income for the first quarter of $ 0.88 per share, from the revenue of $ 1,846.00 million. The quarterly earnings dropped 26.67 percent while revenues reduced 15.09 percent compared with the same quarter last year.
Street analysts expected Autoliv, Inc. to report income of $ 0.81 per share on revenue of $ 1867.34 million for the first quarter. The bottom line results beat street analysts by $ 0.07 or 8.64 percent, at the same time, top line results fell short of analysts by $ 21.34 million or 1.14 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ALV was $ 68.07, representing a 78.38 % increase from the 52 week low of $ 38.16 and a 21.77 % decrease over the 52 week high of $ 87.01.
The company has a market capital of $ 5.94 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
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Recent Analyst recommendations
On 10th July 2020, initiated by Goldman Sachs Group at Buy rating, with $ 81.00 target price.
On 11th June 2020, upgraded by Evercore ISI to In-Line from Underperform rating, with $ 75.00 target price.
Conference Call
Autoliv, Inc. will be hosting a conference call at 8:00 AM eastern time on 17th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.autoliv.com
Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats. It operates in Europe and the Americas; and China, Japan, and rest of Asia.
